DataLife Engine / Uniqa insurer intends to sell its stakes in Strabag

Uniqa insurer intends to sell its stakes in Strabag

According to Andreas Brandstetter, the company might retain a part of its stakes in Strabag, however, it is ready sell all shares of that construction concern.

Uniqa CEO explained that Strabag was a good company, but 14% of its stake is a risk for Uniqa.

Strabag, an Austrian construction concern, was established in 1835. In 2015 its revenue totaled 13,1 billion euro.

Apart from Uniqa, the list of Strabag SE major shareholders includes Haselsteiner Group of Companies (25,5% shares), Raiffeisen-Holding Niederösterreich-Wien (12,7%), as well as Rasperia Trading Limited (25,0% plus 1 share) owned by Russian oligarch Oleg Deripaska.

24-11-2016, 17:40
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